Micro-insurance services have come to the fore in the development field as practitioners have recognized that providing savings and credit services to the poor is not enough to ensure sustainable development and poverty eradication. Instead, a wide range of financial services, including insurance and other support services, must become vital components of an effective micro-finance programme. Because the poor are vulnerable to a variety of risks, insurance services are essential to enable low-income households to cope with life's uncertainties and emergencies such as illness, injury, death, natural disasters, and theft. As formal insurance services are not accessible to the poor due to high premiums and complicated procedures. NGOs and MFTs have begun to implement micro-insurance plans to help the poor with risk pooling and management, including coverage plans for life, health, livestock, and loan protection insurance. To promote micro-insurance as an effective means to promote development, the Centre for Micro-Finance and the International Labour Organization have initiated a joint programme in Nepal.
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Publisher:
ILO, CECI NEPAL, CMF
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(2000
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Type / Script:
Progress Report
in English
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Keywords:
FINANCIAL INSTITUTIONS, MICRO FINANCE, INSURANCE, FINANCIAL SERVICES, HEALTH INSURANCE, ENTREPRENEURS, SOCIAL WELFARE, SOCIAL SECURITY, SOCIAL INSURANCE, SOCIAL PROTECTION, INCOME, HOUSEHOLDS, POVERTY MITIGATION, INSURANCE COMPANIES, INSURANCE STATISTICS, CREDIT, CAPACITY BUILDING, INFORMATION MANAGEMENT
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Thematic Group:
ILO
:
International Labor & Labor
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Thesaurus:
05.08.00
- Insurance
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Reference Link:
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